Credit-Card Rules Clarified; Banks Calm

By

Alkman Granitsas

March 29, 2013 3:06 p.m. ET

With banks in Cyprus operating largely without incident for a second day following a long hiatus, the country's central bank said Friday that residents of the island would face no restrictions on using their credit and debit cards within Cyprus.

The central bank clarified that there would be no cap on the amount cardholders could spend in domestic transactions, but that a limit of €5,000 ($6,400) per month would apply to purchases...